S.A. Meacock and Co Limited has provided us with updated forecasts for the open years of Syndicate 727 as follows:

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

80,554

-0.5% to 9.5%

-2.5% to 7.5%

2 points better

2020

84,554

-9.0% to 11.0%

-9.0% to 11.0%

unchanged

 

The updated forecasts have been arrived at using exchange rates prevailing at 30 September 2021 of US$1.35:£1 and Can$1.71:£1.

Syndicate forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses, but before members’ agents’ fees. The complete list of syndicate forecasts will be released by Lloyd’s on Wednesday 17th November.